Oshkosh Corporation (OSK)

Receivables turnover

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018
Revenue (ttm)	US$ in thousands	9,599,300	9,351,500	8,915,100	8,564,200	8,249,100	8,098,100	8,239,400	8,063,100	7,692,100	7,423,700	6,795,700	6,693,900	6,813,900	7,225,400	8,036,800	8,251,000	8,369,800	8,231,100	8,026,400	7,922,600
Receivables	US$ in thousands	1,316,400	1,550,200	1,367,200	1,311,700	1,162,000	1,072,600	1,216,400	987,400	1,017,300	1,072,500	877,100	699,200	857,600	831,600	873,800	911,600	1,082,300	1,263,900	1,077,800	1,072,100
Receivables turnover		7.29	6.03	6.52	6.53	7.10	7.55	6.77	8.17	7.56	6.92	7.75	9.57	7.95	8.69	9.20	9.05	7.73	6.51	7.45	7.39

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $9,599,300K ÷ $1,316,400K
= 7.29

To analyze Oshkosh Corp's receivables turnover, we look at the trend over the past eight quarters. The receivables turnover ratio measures how many times, on average, the company collects its accounts receivable balance during a period.

The receivables turnover for Oshkosh Corp has shown some fluctuations over the quarters, ranging from a low of 4.11 in Q3 2023 to a high of 4.68 in Q4 2022. Generally, a higher receivables turnover ratio indicates a more efficient collection of receivables.

Despite the fluctuations, Oshkosh Corp has maintained a relatively consistent range around 4 times turnover. This suggests that the company is able to collect its outstanding receivables approximately four times a year on average.

Overall, a consistent and relatively high receivables turnover ratio indicates that Oshkosh Corp is effectively managing its accounts receivable and converting them into cash, which is a positive sign of efficient working capital management.